Landmark Bancorp, Inc. Q3 2026 Earnings Recap

Landmark reported higher quarterly net income and net interest income, while loan balances and noninterest income declined and expenses rose. The stock was roughly flat after earnings, up 0.6%, indicating a muted market response.

Key Takeaways

• Q3 net income was $5.5 million, versus $5.4 million in Q2 and $4.9 million a year earlier; diluted EPS was $0.89.
• Net interest income increased $562,000 sequentially to $15.6 million, supported by higher earning-asset yields and partly offset by higher funding costs.
• Loan payoffs outpaced originations, reducing loan balances; new originations carried yields above those of maturing and repaid loans. Average loan yield rose to 6.46%.
• Noninterest income was $3.6 million, down from Q2 and a year earlier, primarily because higher rates slowed mortgage production and reduced gains on mortgage-loan sales. Expenses also increased, driven by compensation and technology investment.
• Credit metrics were described as stable, with charge-offs at 0.01% of average loans and nonaccrual loans slightly lower; management said further work is needed on the loan portfolio and credit approach.